Encana Corp. (NYSE:ECA)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Tuesday. They presently have a $13.00 target price on the stock. Jefferies Group’s price target suggests a potential upside of 39.04% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. RBC Capital Markets reissued a “sector perform” rating and issued a $10.00 price objective (up from $9.00) on shares of Encana Corp. in a research report on Monday, September 12th. Nomura upped their price objective on shares of Encana Corp. from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Royal Bank Of Canada decreased their price objective on shares of Encana Corp. from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, September 12th. KLR Group assumed coverage on shares of Encana Corp. in a research report on Monday, August 29th. They issued a “hold” rating and a $10.00 price objective for the company. Finally, FirstEnergy Capital raised shares of Encana Corp. from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Encana Corp. presently has a consensus rating of “Hold” and a consensus price target of $9.71.

Encana Corp. (NYSE:ECA) opened at 9.35 on Tuesday. The company has a 50-day moving average price of $9.57 and a 200 day moving average price of $7.78. Encana Corp. has a 12 month low of $3.00 and a 12 month high of $10.75. The firm’s market cap is $7.95 billion.

Encana Corp. (NYSE:ECA) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.19. Encana Corp. had a negative net margin of 81.73% and a positive return on equity of 0.79%. During the same period in the previous year, the company posted ($0.20) earnings per share. Equities research analysts anticipate that Encana Corp. will post ($0.10) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.64%. Encana Corp.’s dividend payout ratio is presently -1.79%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its position in Encana Corp. by 8.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,120,040 shares of the company’s stock worth $12,982,000 after buying an additional 168,638 shares in the last quarter. BB&T Securities LLC raised its position in Encana Corp. by 22.6% in the first quarter. BB&T Securities LLC now owns 17,754 shares of the company’s stock worth $108,000 after buying an additional 3,270 shares in the last quarter. Credit Agricole S A raised its position in Encana Corp. by 4.3% in the first quarter. Credit Agricole S A now owns 93,980 shares of the company’s stock worth $573,000 after buying an additional 3,867 shares in the last quarter. JVL Advisors L.L.C. raised its position in Encana Corp. by 81.4% in the first quarter. JVL Advisors L.L.C. now owns 868,800 shares of the company’s stock worth $5,291,000 after buying an additional 389,800 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Encana Corp. by 50.1% in the first quarter. Bessemer Group Inc. now owns 60,528 shares of the company’s stock worth $368,000 after buying an additional 20,210 shares in the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

Encana Corp. Company Profile

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

5 Day Chart for NYSE:ECA

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